The Ghana Revenue Authority (GRA) has exceeded its mid-year revenue target by 0.2% this year.

The Finance Minister Dr Mohammed Amin Adam made this announcement during the 2024 Mid-Year Budget Review in Parliament on Tuesday.

Dr. Adam highlighted the government's efforts to amend existing legislation to give effect to new revenue measures aimed at broadening the tax base and improving tax compliance.

"In the 2024 Budget, Government amended existing legislation to give effect to the revenue measures. These measures also aim to broaden the tax base and improve tax compliance for a more equitable and efficient revenue system," he stated.

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Despite not all measures being implemented in the first half of the year, the Minister indicated that GRA's enhanced compliance and enforcement strategies played a crucial role in surpassing the midyear target.

"Mr. Speaker, whilst not all the measures were implemented in the first half of the year, through enhanced compliance and enforcement, the Ghana Revenue Authority (GRA) exceeded its midyear target by 0.2 percent," Dr. Adam noted.

He added that the GRA's Non-Tax Revenue (NTR) also performed remarkably well, surpassing the target by 14.0% as of the end of June.